what is causing blackcoins rise?

[precrime3]

Been hearing its the market manipulation of the multipool, but does anyone know actually what it is? SHould I buy in now, or will it never go down?

[y3804]

Someone who bought 5 BTC worth at 1500 could easily dump the entire sell book in a  matter of seconds. This is too dangerous imo

[precrime3]

Someone who bought 5 BTC worth at 1500 could easily dump the entire sell book in a  matter of seconds. This is too dangerous imo

So not much liquidity? it seems blackcoin has been slowly rising though, surely must be interest?

[piramida]

Someone who bought 5 BTC worth at 1500 could easily dump the entire sell book in a  matter of seconds. This is too dangerous imo

So not much liquidity? it seems blackcoin has been slowly rising though, surely must be interest?

noone cares really, just another alt that gets pumped x10 to get dumped x20 later.

[damiano]

Someone who bought 5 BTC worth at 1500 could easily dump the entire sell book in a  matter of seconds. This is too dangerous imo

Not true

There have been dumps, but the price recovers within minutes. 

The order book looks good

[tokyoghetto]

multipool pumps the price.

[Amph]

nothing new, you forgot dogecoin and aurora?

interest is just on blackcoin at the moment, in one week it will be on another coin or divided among others shitcoin

[mr_random]

- 100% proof of stake means no wasteful proof of work mining (bitcoin miners cost over $15 million dollars of electricty every day to run. If Blackcoin was worth the same, it would be a fraction of that).

- 10 second transaction times. A lot of people seem to think it's 60 seconds because that was what it was when the coin was proof of work, but now we are proof of stake. Coins based on bitcoin with proof of work that try to go that low fork horribly (even worldcoin has forked at 30 seconds before).

- No coins being dumped by miners!! People who haven't done their research make a big mistake they don't realised unlike Bitcoin, Litecoin, Dogecoin, Peercoin etc there are not tons of newly mined coins being dumped on the market for profit every day. This is HUGE. A big thing which KILLS pumps is the miners dumping. The only dumps that happen with Blackcoin are from people taking profits. I've been posting regularly about the patterns Blackcoin follows - big pump, consolidation period where people take profits, trading volume decreases until it reaches the point no-one else is taking profits, finally demand outstrips supply and next pump starts. I've noted that exact pattern 6 times in the last month and all my predictions came true.

[KingSchultz]

- 100% proof of stake means no wasteful proof of work mining (bitcoin miners cost over $15 million dollars of electricty every day to run. If Blackcoin was worth the same, it would be a fraction of that).

- 10 second transaction times. A lot of people seem to think it's 60 seconds because that was what it was when the coin was proof of work, but now we are proof of stake. Coins based on bitcoin with proof of work that try to go that low fork horribly (even worldcoin has forked at 30 seconds before).

- No coins being dumped by miners!! People who haven't done their research make a big mistake they don't realised unlike Bitcoin, Litecoin, Dogecoin, Peercoin etc there are not tons of newly mined coins being dumped on the market for profit every day. This is HUGE. A big thing which KILLS pumps is the miners dumping. The only dumps that happen with Blackcoin are from people taking profits. I've been posting regularly about the patterns Blackcoin follows - big pump, consolidation period where people take profits, trading volume decreases until it reaches the point no-one else is taking profits, finally demand outstrips supply and next pump starts. I've noted that exact pattern 6 times in the last month and all my predictions came true.

^ Yup. Pure PoS and in-person usable transaction times could be game changers, and no coin has had them both before Blackcoin. Those two things along with the momentum BC has are a big fucking deal.

It's not any one factor for BC. It's a combination of innovation, marketing and timing. There have been coins that had a few of the right factors but BC has them all.  

[KingSchultz]

The multipool was a brilliant idea to get off the ground, and it worked very nicely but it's effect has been a drop in the bucket compared to total volume for a while now. If it disappeared tomorrow nothing changes.

[precrime3]

You guys think Blackcoin is nothing but a short term investment? Is it worth it for long term?

[precrime3]

You guys think Blackcoin is nothing but a short term investment? Is it worth it for long term?

Its POS of course they want you to hold it as long as possible.

1% YEARLY POS rate is not worth it, not even considering. SO that's why I asked.

[traderman]

The fact that there are no miners dumping and a multipool that keeps buying is a pretty interesting combo. Add on top all the speculators and daytraders and bots and you can see where this whole thing is going.

[traderman]

quark was not pos however.

Just think about it this rise started on a date and now its only going up, everyday with no stop OF COURSE its a pump don't matter if multipool or the top 100 that got millions already.

This starts to looks more like quark all over again.

[precrime3]

So back to my original question: What do you guys think Blackcoin is? Short term pump and dump or viable long term investment?

[damiano]

I'm holding onto it as a long term investment.  It's limited supply makes it unique now.

[tintumon]

quark was not pos however.

Just think about it this rise started on a date and now its only going up, everyday with no stop OF COURSE its a pump don't matter if multipool or the top 100 that got millions already.

This starts to looks more like quark all over again.

Don't matter... it was instamined like blackcoin and then pumped. Holding blackcoin in a long term with no service is suicide

+1. Dump is coming soon

[damiano]

quark was not pos however.

Just think about it this rise started on a date and now its only going up, everyday with no stop OF COURSE its a pump don't matter if multipool or the top 100 that got millions already.

This starts to looks more like quark all over again.

Don't matter... it was instamined like blackcoin and then pumped. Holding blackcoin in a long term with no service is suicide

Blackcoin wasn't instamined.  I was at the launch and it was probably the most legit launch I have seen.

Quit spreading FUD unless you can back it up

[KingSchultz]

I only think long-term when I invest in coins and I'm holding a lot of Black. I really, really don't think this is a pump and dump.

Could always be wrong, but that's one investors opinion.

[precrime3]

quark was not pos however.

Just think about it this rise started on a date and now its only going up, everyday with no stop OF COURSE its a pump don't matter if multipool or the top 100 that got millions already.

This starts to looks more like quark all over again.

Don't matter... it was instamined like blackcoin and then pumped. Holding blackcoin in a long term with no service is suicide

Blackcoin wasn't instamined.  I was at the launch and it was probably the most legit launch I have seen.

Quit spreading FUD unless you can back it up

Blackcoin was instamined I believe so?